24.02.2009 - IMF emergency fund is doubled to $500bln in global rescue effort
From Guardian: European leaders yesterday agreed that an emergency IMF fund should be doubled to $500bn prevent the worldwide recession turning into a fullscale depression. As Gordon Brown prepares to launch a fresh package of measures to encourage bank lending, starting with a 14bn injection into Northern Rock to revive the mortgage market, the EU's senior leaders agreed to boost the role of the IMF and the World Bank..... Full Article: Source
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